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Fuels America Shows Economic Impact Of Renewable Fuel Industry

Written on April 2, 2015 by News Release

Categories: Business

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The non-partisan Fuels America coalition today released an economic impact study by John Dunham & Associates showing the far-reaching benefits of renewable fuel for workers and businesses in northeast Indiana and around the state.

The economic analysis takes into account the entire supply chain for renewable fuel and quantifies the impact to the economy at the statewide and congressional district level.
Statewide in Indiana, the renewable fuel industry supports 25,390 jobs, $1.2 billion in wages and $6.1 billion in total economic activity – from agriculture to biorefining to transportation and a variety of other businesses up and down the supply chain.
In North East Indiana and the Fort Wayne area, the renewable fuel industry supports:

  • 3,242 jobs
  • $162 million in wages
  • $907 million of economic output

These numbers reflect the total economic impact of renewable fuels in Indiana’s Third district represented by Rep. Marlin Stutzman.

The full report, along with detailed numbers by state and congressional district, is available on the Fuels America website.

The renewable fuel industry has more than tripled since the adoption of the commonsense, bipartisan Renewable Fuel Standard in 2005. Signed into law by President George W. Bush, the RFS calls for increasing levels of American-grown renewable fuel in our transportation fuel supply. The RFS has created 852,056 American jobs, made our air cleaner, lowered gasoline prices and helped cut our dependence on foreign oil to the lowest level in years. Renewable fuels like ethanol are not only cleaner and American made, but they also cost less per gallon and have a higher octane level – delivering better engine performance.

The oil industry is urging the U.S. EPA and/or Congress to repeal or weaken the RFS to prevent consumer choice at the pump and protect oil’s near monopoly on the fuel supply. Fuels America stands with the thousands of American families, farmers, workers, small business owners, environmental advocates, veterans, and men and women in uniform who are depending on America’s leaders to support a strong RFS.

Fuels America is a coalition of organizations committed to protecting America’s Renewable Fuel Standard and promoting the benefits of all types of renewable fuel already growing in America. Fuels America is founded on a simple core principle: Renewable fuel is good for the U.S. economy, for our nation’s energy security, and for the environment. Visit us at www.fuelsamerica.org.

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